The Reserve Bank of India (RBI) is auctioning ₹32,000 crore worth of today to help the government finance its spending. This significant market borrowing includes two re-issued bonds, making them accessible to a broad range of investors.
₹32,000 crore
Total Auction Value
The Government of India is raising significant funds today through an auction of dated government securities managed by the Reserve Bank of India (RBI). Valued at ₹32,000 crore, this auction is a crucial component of the government's market borrowing program aimed at funding its expenditures. The offering includes a re-issue of the 6.36% Government Security (GS) 2031 for ₹21,000 crore and the 7.71% GS 2066 for ₹11,000 crore. Both institutional and retail investors, the latter through the RBI Retail Direct platform, are eligible to participate. The auction, conducted using a multiple price method, saw competitive and non-competitive bids submitted electronically today, with results announced by end of day.
💭 If you're wondering…
Dated government securities (G-Secs) are debt instruments issued by the government to borrow money for a fixed period, promising to pay interest (coupon) periodically and repay the principal on a maturity date.
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